Weekly Rate and Real Estate Update, 5.30.12

Who said rates wouldn’t go lower…again?


Dan’s Activity this week:

Now that we’ve passed another slow period, Memorial Day, let the real season begin!

I’m prepping for three closings in the next two weeks.  Of course nothing is easy…right?  There were lender issues on one deal that caused a delay; sometimes I think they don’t even start working on a mortgage until a week before closing!  The appraiser struck again on another deal that was going along nicely.  You wonder if they want the market to recover.  If not unreasonable, isn’t the best statement of value what someone is willing to pay? 

All that comes with the territory but I had to vent a little.  On the flip side, I had a new listing go live yesterday and have been receiving REALLY good leads just about every day for the last two weeks.  I’ve also satisfied my toughest client, my wife, with the purchase of our own home.  It’s a project of course; we couldn’t have it any other way. After we get past the inspection, we look to close in about a month and we are excited.  As a REALTOR®, it’s always good to put yourselves in your client’s shoes and experience the raw emotional rollercoaster of the home selling/buying experience!

Tough commute!

Rates for the Week

From the IBJ... The average rate for 30-year mortgages was unchanged at 3.97 percent for the week ended May 23, according to Bankrate.com. The rate for 15-year mortgages fell from 3.20 percent to 3.19 percent.

Weekly Rate and Real Estate Update, 5.16.12

Who said rates wouldn’t go lower?

Dan’s Activity this week:

So, lots of activity this week.  My clients have 4 homes under contract due to close in the next 30 days.  By the end of this week that number could be 6!  Interestingly enough, one of my clients closing next week referred another client who is now closing in the next 30 days as well.....gotta love that!  Referrals are the best compliment!

After the traditionally slow Mother’s Day weekend, my listings are starting to pick up with buyer activity.  I’m holding an Open House on Sunday for one of those listings.  I’ve had good success on my recent Open Houses, so bring on that buyer!  On Saturday, I’m meeting with a new client who is looking to sell, so that will give me another home to market and sell.  Let’s just keep buying and selling! 

  

 Rates for the Week

From the IBJ... The average rate for 30-year mortgages fell from 4.05 percent to 4.02 percent in the week ended May 9, according to Bankrate.com. The rate for 15-year mortgages fell from 3.25 percent to 3.2 percent.

Contact me here for more information and to start your home sale or purchase!

Indy House of the Week, 5.13.12

The Indy "House of the Week"

is chosen by DM Irish to highlight what's available on the Indianapolis market

and to feature a home with a very attractive curb appeal!

  

Built in 2007, this maintenance free 3 bedroom ranch has a finished basement giving it a deceiving 4188 square footage total!  The home boosts tall ceilings, beautiful walnut hardwood floors, with granite and stainless steel appliances.  The basement has a bedroom and full bath along with a great wet bar.  Just steps from Carmel’s northern access to the Monon Trail and shopping all around.

$449,900

Contact Realtor® Dan Irish here to see this or other homes in the Indy area!

Foreclosure Friday, 5.11.12

Times are hard and many people have lost their homes due to the challenges in the economy. "Foreclosure Friday" is our way of bringing awareness to the availability and potential of distressed properties in the Central Indiana area. Buying a distressed home, whether if it's in Short Sale or already Bank Owned, is a great way to help stimulate the economy.

Here Are A Few Of Our Reasons Why:

-Sellers/Banks are able to depart from their current home

-Jobs are created for Realtors®, Contractors, and Suppliers

-Neighborhood home values can be regained

-Buyers may get a positive equity position

-Lonely homes get happy homeowners!

Our short list of distressed properties below are currently active on the market in the Indianapolis area. DM Irish does not own, nor have these properties listed, but rather is being a resource for what's available to purchase.

Stay tuned biweekly as we pass along homes in the area that might be a good match for you!  Need more info on one that catches your eye or want helping searching for any home in the area?

Email Realtor® Dan Irish Here!

Home A

6540 sf including finished basement; 5 bedrooms, 5 full baths and 2 ½ baths

Village of West Clay, Carmel; Carmel Clay Schools

Foreclosure; Great condition, wrapped porch, pond views and fountains

 Home B

5911 sf including basement; 4 bedrooms, 3.5 baths

Fall Creek Rd and Brook School; Hamilton Southeastern Schools

Foreclosure; Wooded lot and views of Geist Resevoir.

 Home C

6404 sf including finished basement; 4 bedrooms, 4 full baths and 2 ½ baths

Close to 131st and Hazel Dell Parkway; Carmel Clay Schools

Foreclosure; European style home that has a main floor master suite. Open kitchen to the hearth room

 Home D

2684 sf on a 1107 basement; 5 bedrooms, 2.5 baths

Springmill and Carmel Dr, Carmel; Carmel Clay Schools

Foreclosure; Home will need updating and will need mold remediation.

  

Home E

 1274 sf on partial unfinished basement; 2 bedrooms, 2 baths

131^st and Hazel Dell; Carmel Clay Schools

Foreclosure; Home needs cosmetics and update; Home sits on .8 acres and is perfect for someone looking to be in the heart of Carmel!

  

Contact Realtor® Dan Irish here for info on any home above or homes/land in the Indy area!

Weekly Rate and Real Estate Update, 5.9.12

Both 30 & 15 yr interest rates at historic lows!

Dan’s Activity this week:
On Saturday, I had a client sell a home and clients buy a home, which means 2 inspections this week.  Let’s just hope both come back clean.  An inspection from last week turned up elevated radon so the seller will be installing the mitigation system.  The nice thing is the builder had already installed some of the work during construction so the overall cost of the fix will be minimized. 

The open house I held on Sunday may have yielded a buyer for the home!  So, I’m following up this week with that prospective buyer.  I’m ready to sell more homes, please contact me if you are ready to sell or buy your dream home!

Home in the Valleys at Geist

 Rates for the Week
From the IBJ...The average rate for 30-year mortgages fell from 4.09 percent to 4.05 percent in the week ended May 2, according to Bankrate.com. The rate for 15-year mortgages fell from 3.28 percent to 3.25 percent.

   

Contact me here for more information and to start your home sale or purchase!

Indy House of the Week, 5.6.12

The Indy "House of the Week"
is chosen by DM Irish to highlight what's available on the Indianapolis market

and to feature a home with a very attractive curb appeal!

Here is an updated home with 2800+ square foot plus a finished basement.  The kitchen has been upgraded to 42” cabinets, stainless steel appliances and a planning desk.  Also recently added are a 300sqft sun room and breakfast room.  Built-in bookcases adorn the family room.   Within walking distance to Monon trail in Carmel and the Monon Center. 

$259,000

Contact Realtor® Dan Irish here to see this or other homes in the Indy area!

Weekly Rate and Real Estate Update, 5.2.12

Both 30 & 15 yr interest rates drop a little

Dan’s Activity this week:

Busy week, offers on my clients' homes, clients making offers on homes, showings, inspections, counters, closings and on and on it goes!

All this and I still have time to meet with new clients to start them on their housing journey. I always have time to work with you as well.   As I said last week…it’s great to be this busy...and I love it!

Rates for the Week

From the IBJ... The average rate for 30-year mortgages fell from 4.10 percent to 4.09 percent in the week ended April 25, according to Bankrate.com. The rate for 15-year mortgages fell from 3.32 percent to 3.28 percent.

   

Contact me here for more information and to start your homesale or purchase!